According to a WSJ article (please find the article under the weekly folder), Royal Caribbean Group's finance chief plans to use the proceeds from a $1.5 billion share sale to boost the cruise operator's liquidity and, potentially, to reduce its debt, which ballooned during the pandemic. The Miami-based company, which is nearing the first anniversary since it stopped sailings in North America, said Monday it has launched an equity offering of 16.94 million shares at $91 apiece.

Please discuss the prospects of (and critical milestones for) Royal Caribbean's business. Why did S&P react positively to the announcement of Royal Caribbean's intended share issue? What are other means by which Royal Caribbean is managing the current crisis?

https://blackboard.se.edu/bbcswebdav/pid-1930039-dt-content-rid-19104628_1/courses/FIN-5213-W2-2021SP/royal-caribbean-cfo-to-bolster-liquidity-could-pay-down-debt-after-share-sale-.pdf